With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. The 52-week range on TNET shows that it touched its highest point at $134.67 and its lowest point at $65.43 during that stretch. It currently has a 1-year price target of $82.75. With its current market cap of 3.71 billion, TNET has annualized dividend of $1.00 while the current yield stands at 1.34%. Beta for the stock currently stands at 1.12.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TNET was up-trending over the past week, with a rise of 4.70%, but this was down by -18.91% over a month. Three-month performance dropped to -19.88% while six-month performance fell -27.20%. The stock lost -41.33% in the past year, while it has lost -17.53% so far this year. A look at the trailing 12-month EPS for TNET yields 3.40 with Next year EPS estimates of 4.94. For the next quarter, that number is 1.60. This implies an EPS growth rate of -24.99% for this year and 23.90% for next year. EPS is expected to grow by 3.66% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.99%.
Float and Shares Shorts:
At present, 49.53 million TNET shares are outstanding with a float of 48.20 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TNET since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.28958 being high and $5.02862 being low. For TNET, this leads to a yearly average estimate of $5.12899. Based on analyst estimates, the high estimate for the next quarter is $1.31 and the low estimate is $0.93. The average estimate for the next quarter is thus $1.08.
Summary of Insider Activity:
Insiders traded TNET stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
